Search results

A randomless professional trader?

You are likely desperately searching for mathematical certainty in the markets which you will never find. The markets are like life. Full of twists and turns. But if one knows how he can capitalize on those twists and turns. We don’t know with certainty what the market throws will throw at us...

Doji’s are a one bar TR. Don’t you understand such basics? There are bulls and bears on a doji like there are on every other bar. Doji’s just indicate more of a balance between them. Like seesaw. Ever play on one of them things when a child? Now that is physics. “if a body is at rest or moving...

He probably read Taleb. And there may be a case of not being able to make PA work?

I might add to the discussion there are 81 bars on a 5m chart RTH’s. Both bulls and bears are active on all of those 81 bars. Money can be made on most all of them. The invisible institutions (think atoms and the power therein) in the bowl (context) bombard price and causes it to jiggle. So...

Too tight a SL and a trader WILL lose. If price action trading is a traders <<modus operandi>> then an initial PA stop loss should be used, not a monetary SL , IMO. If price action is going to determine your entry then it should also determine your exit in terms of a max SL. That max SL I...

Of course. He said he was going to gives brooks methodology a fair shot. How can he if he deviates from it?

That might mean Overnight here on ET (also nicknamed Fedex by me) and I volpri might be in the top round to be being thrown to the swine to be trampled underfoot. ET would miss us I am afraid.ROFL

Whatever floats your boat. I will make $$$ otherwise, in some other way, than trading a 1% win rate system. One for sure wants to make money but trading is more than just money. For the long haul one has to be content and happy with what they are doing. Losing 99 trades out of 100 I would be...

Are you happy with your trading results? If so, keep at it. That is, doing what you have been doing. If not, then remember: “If You Always Do What You’ve Always Done, You’ll Always Get What You’ve Always Got.” ~ Henry Ford I am just not going to trade a system or methodolgy that has me losing...

Closing on it’s high IS of course closing above it’s midpoint. But he does talk about that when price is in a bull trend and in a PB that going long on any bar (bear or bull) in the PB that closes above it’s midpoint is often good for a scalp. In a bull trend a countermove will either be a PB...

Nodoji is a lady is what I understand. I think she got tired of the BS that gets slung around here sometimes…could take it no more… and left in a huff.

Ok ok ….if no one wants a high win rate and had rather have a low win rate how about a high win rate that scalps AND at the sama time lets runners run for those great big wins. Win/win?? Or something wrong with that too? Why in the same hell would anyone prefer a low win rate? A trader can only...

Frequency of profitable trades HIGH WIN RATE over same time period required to make the one high profit low win rate blows the latter out of the saddle. Not to mention compounding. One can potentially become the fastest discretionary trader ever! ROFLMAO.

Latter, hands down. 1) Good for psychology. 2) Good for rendering more trading opportunities in a trading session. 3) Good for compounding profits. 4) Good for more overall profits (through frequency of trades)

I am not very smart but I can tell you from my own experience 2 to 3 years of studying and understanding Brooks is not nearly enough. By that point one only has a few concepts but they are not really assimilated and cemented cognitively in the brain. Two or three years is only a plateful of...

One sentence. Can do. I will reduce the trade in my post 974 to one sentence to humor you. Could be called a compound sentence but still one sentence! ROFLMAO. “High probability 1 point trade in the ES: In a steep bull trend that is in a PB go long on the first bar in the PB that closes above...

This statement is meaningful only if the context of present price action is included in the statement. Otherwise, we would all just use overnight highs and prior highs for targets. Just because a price point in time is made doesn’t mean it is going to be meaningful as a support or resistance, or...

Actually, it isn’t my quote but one I have known about for many years.